Most Expensive NFTs Sold
The world of non-fungible tokens (NFTs) has been making headlines for the past couple of years. While some remain skeptical about the viability of NFTs as a legitimate asset class, the booming sales numbers tell a different story. The recent surge of interest in NFTs has led to some astounding sales figures, with some digital assets fetching millions of dollars. In this article, we will take a closer look at some of the most expensive NFTs sold to date, exploring the unique characteristics and features that have driven their astronomical prices.
Recent Top NFT Sales Tracker
Here are the NFTs that have transacted for the highest price in recent times. Toggle the date interval filter at the top right hand side of the table to track the latest top daily / weekly / monthly and yearly sales. Data is refreshed on a daily basis.
All Time Most Expensive NFT Sales
|Mar 2021||Beeple, Everydays: The First 5000 Days||69.3 million|
|Feb 2022||Julian Assange and Pak, Clock||52.7 million|
|Nov 2021||Beeple, Human One||28.9 million|
|Feb 2022||Punks #5822, on-chain||23.7 million|
|June 2021||Punk #7523||11.7 million|
|Dec 2021||Punks #4156||10.3 million (on-chain)|
|Feb 2022||Punks #5577||8.1 million (on-chain)|
|Mar 2021||Punks #7804||7.6 million (on-chain)|
|Oct 2021||Art Blocks - Ringers #109||7.1 million (on-chain)|
|Oct 2020||Beeple, Crossroad||6.6 million|
|Mar 2021||Beeple, Ocean Front||6 million|
|Apr 2021||Edward Snowden, Stay Free||5.4 million|
Looking at the list of all time most expensive NFT sales, it contains mixture of works that can be categorized into pioneering digital art pieces, PFPs and generative art. Let us dive deeper into the stories behind them.
Top Digital Art Sales
The piece that captured mainstream attention and had everyone wondering whether it is art or not is the chart topping Beeple's The First 5000 Days. It was sold for an astonishing $69.3 million at Christie's, making it the most expensive NFT ever sold. The digital artwork is a compilation of Beeple's "Everydays" project, which involved creating and posting a new digital artwork every day for 5000 days. It includes a variety of imagery, from political satire to pop culture references, and is hailed as a ground-breaking piece of digital art. Three other Beeple pieces also made it to the list of most expensive NFTs sold.
The controversy around Edward Snowden's court battle with the United States government boosted the significance of his artwork titled "Stay Free". The piece was sold for $5.4 million and features a court ruling in Snowden's favour, symbolizing his triumph over the United States government's attempts to prosecute him for leaking classified information. This NFT sale represents a significant moment in the intersection of art and politics, highlighting the growing interest in digital art as a valuable and collectible asset.
Top Generative Art Sales
Generative art is a form of digital art created using algorithms, where the artist sets the rules for the creation process but ultimately, the artwork is generated by the computer. The resulting artwork is often unique and unpredictable, as it is influenced by factors such as random number generation and user input. Blockchains have provided an ideal platform for the creation and distribution of generative art by enabling the creation of unique, verifiable, and immutable digital assets. By leveraging blockchain technology, artists can prove the authenticity and ownership of their work, which has boosted the confidence of collectors and investors in the market. It is no surprise then that some of the most striking generative projects are in the list.
In the then nascent field of generative art, Ringers by Dmitri Cherniak made its mark by showing how an algorithm to wrap an a string around a set of pegs could result in countless variations of unique and beautiful art works. In 2021, two pieces, #109 and #859, sold for for 2100 ETH and 1800 ETH respectively. Notably, the sale of Ringer #879 was made to the now infamous 3 Arrows Capital.
Top PFP Sales
PFPs, or Profile Pictures, are images that users choose to represent themselves on social media platforms or other digital spaces. In recent years, the term "PFP" has also been used in the context of NFTs, referring to digital images that are sold as unique, verifiable assets on blockchain-based marketplaces. The most expensive NFT sales on-chain are dominated by a mixture of rare variants of Cryptopunks - a collection of 10,000 unique 8-bit-style characters.
Punks #5822, one of only nine alien punks in the entire collection, holds the top spot with a sale price of 8000 ETH, worth $23.7 million USD at the time. It was purchased by CEO of Chain, Deepak Thapliyal.
Another fascinating example is Punks #7523, also known as ‘Covid Alien’. This piece gained prominence during the COVID pandemic and set a new world auction record for a single Cryptopunks NFT at $11.7 million at the point of time. Other notable top PFP projects that commanded a premium includes Bored Ape Yatch Club and Proof Collective.
In conclusion, the NFT market has exploded in recent years, with digital art and unique digital assets fetching millions of dollars at auctions and sales. While some critics question the long-term value of NFTs and their impact on the art world, there is no denying that they have captured the attention of collectors, investors, and enthusiasts alike. As the technology and market continue to evolve, it will be fascinating to see what new possibilities and challenges emerge for NFTs and the broader world of digital assets.